South Dakota § 55-8-6 Assignment of security by fiduciary--Compliance with controlling instrument and law governing fiduciary relationship assumed.

South Dakota Statutes

§ 55-8-6 — Assignment of security by fiduciary--Compliance with controlling instrument and law governing fiduciary relationship assumed.

South Dakota § 55-8-6

Title 55FIDUCIARIES AND TRUSTS

Ch. 55-8REGISTRATION AND TRANSFER OF SECURITIES HELD BY FIDUCIARIES

This text of South Dakota § 55-8-6 (Assignment of security by fiduciary--Compliance with controlling instrument and law governing fiduciary relationship assumed.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 55-8-6 (2026).

Text

Except as otherwise provided in this chapter, a corporation or transfer agent making a transfer of a security pursuant to an assignment by a fiduciary may assume without inquiry that the fiduciary has complied with any controlling instrument and with the law of the jurisdiction governing the fiduciary relationship, including any law requiring the fiduciary to obtain court approval of the transfer.

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Except as otherwise provided in this chapter, a corporation or transfer agent making a transfer of a security pursuant to an assignment by a fiduciary may assume without inquiry that the fiduciary has complied with any controlling instrument and with the law of the jurisdiction governing the fiduciary relationship, including any law requiring the fiduciary to obtain court approval of the transfer.